Comment: looks like bond bubble just burst

In post: Interest Paid On US Debt Last Month Alone=$103,886,876,062 (70 Billion More Than May)

looks like bond bubble just burst

Submitted by pmpowell001 on Fri, 07/13/2012 - 19:14. Permalink

Interest rates have been artificially low for years. The fed has bought up enormous amounts of government debt and they recently encouraged private banks to buy bonds ..letting them count bonds towards their capital requirement. This is a desperate attempt to prolong the interest from spiking. Our borrowing cost will skyrocket and our government will go bankrupt, its an inevitable fact.

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